2022 Q4 Form 10-K Financial Statement

#000095017023007104 Filed on March 10, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $32.50M $97.11M $14.29M
YoY Change 190.94% 579.57%
Cost Of Revenue $8.637M $27.41M $3.980M
YoY Change 117.01% 588.76%
Gross Profit $23.86M $69.70M $10.32M
YoY Change 231.86% 575.36%
Gross Profit Margin 73.42% 71.77% 72.22%
Selling, General & Admin $21.88M $70.46M $19.95M
YoY Change 433.74% 253.17% 690.2%
% of Gross Profit 91.71% 101.09% 193.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $312.7K $609.5K $30.00K
YoY Change 2053.31% 1931.63% 22976.92%
% of Gross Profit 1.31% 0.87% 0.29%
Operating Expenses $24.60M $108.3M $27.47M
YoY Change 115.4% 294.42% 993.92%
Operating Profit -$738.0K -$11.24M -$17.15M
YoY Change -82.55% -34.48%
Interest Expense -$642.5K $1.622M -$190.0K
YoY Change 157.02% -953.65% 33.39%
% of Operating Profit
Other Income/Expense, Net -$3.059M -$4.584M -$2.836M
YoY Change 61.66%
Pretax Income -$4.439M -$15.82M -$20.00M
YoY Change -0.9% -20.9% 878.4%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$4.439M -$15.82M -$19.82M
YoY Change -0.9% -20.18% 869.6%
Net Earnings / Revenue -13.66% -16.29% -138.7%
Basic Earnings Per Share -$0.30 -$0.43
Diluted Earnings Per Share -$0.08 -$0.30 -$429.1K
COMMON SHARES
Basic Shares Outstanding 52.07M 46.19M
Diluted Shares Outstanding 52.07M 46.19M

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.876M $1.876M $5.240M
YoY Change -64.2% -64.2% 900.59%
Cash & Equivalents $1.876M $1.876M $5.240M
Short-Term Investments
Other Short-Term Assets $7.184M $7.184M $3.600M
YoY Change 99.57% 99.57% 830.67%
Inventory
Prepaid Expenses
Receivables $2.664M $2.664M $750.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.72M $11.72M $9.590M
YoY Change 22.28% 22.26% 953.26%
LONG-TERM ASSETS
Property, Plant & Equipment $2.441M $33.10M $23.29M
YoY Change 294.47% 42.14% 823.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.335M $6.335M $6.200M
YoY Change 2.18% 2.18% 65.77%
Total Long-Term Assets $39.44M $39.44M $29.48M
YoY Change 33.76% 33.78% 370.87%
TOTAL ASSETS
Total Short-Term Assets $11.72M $11.72M $9.590M
Total Long-Term Assets $39.44M $39.44M $29.48M
Total Assets $51.16M $51.16M $39.07M
YoY Change 30.94% 30.95% 444.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.997M $4.997M $3.570M
YoY Change 39.81% 39.97% 190.99%
Accrued Expenses $9.459M $15.90M $9.360M
YoY Change 249.78% 69.92% 1446.09%
Deferred Revenue $3.201M
YoY Change 60.43%
Short-Term Debt $1.810M $1.810M $1.570M
YoY Change 15.32% 15.32% 299.8%
Long-Term Debt Due $335.5K $335.5K
YoY Change
Total Short-Term Liabilities $27.87M $27.87M $14.70M
YoY Change 89.54% 89.56% 313.32%
LONG-TERM LIABILITIES
Long-Term Debt $5.081M $5.081M
YoY Change
Other Long-Term Liabilities $2.283M $25.47M $20.13M
YoY Change 2634.3% 26.54% 857.31%
Total Long-Term Liabilities $30.55M $30.55M $20.13M
YoY Change 51.81% 51.78% 507.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.87M $27.87M $14.70M
Total Long-Term Liabilities $30.55M $30.55M $20.13M
Total Liabilities $58.42M $58.42M $34.83M
YoY Change 67.74% 67.73% 407.07%
SHAREHOLDERS EQUITY
Retained Earnings -$38.08M
YoY Change 71.07%
Common Stock $53.44K
YoY Change 4.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$7.256M -$7.256M $4.250M
YoY Change
Total Liabilities & Shareholders Equity $51.16M $51.16M $39.07M
YoY Change 30.94% 30.95% 444.82%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income -$4.439M -$15.82M -$19.82M
YoY Change -0.9% -20.18% 869.6%
Depreciation, Depletion And Amortization $312.7K $609.5K $30.00K
YoY Change 2053.31% 1931.63% 22976.92%
Cash From Operating Activities -$5.088M -$6.848M -$8.080M
YoY Change -1481.72% -15.25% 482.85%
INVESTING ACTIVITIES
Capital Expenditures $787.0K $1.912M -$650.0K
YoY Change -646.58% -394.1%
Acquisitions
YoY Change
Other Investing Activities -$2.680M
YoY Change 293.91%
Cash From Investing Activities $2.564M -$1.912M -$3.340M
YoY Change -278.14% -42.76% 390.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $802.3K $19.03M
YoY Change -95.78% 839.18%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 175.6K 6.227M 18.86M
YoY Change 2.61% -66.98% 620.44%
NET CHANGE
Cash From Operating Activities -5.088M -6.848M -8.080M
Cash From Investing Activities 2.564M -1.912M -3.340M
Cash From Financing Activities 175.6K 6.227M 18.86M
Net Change In Cash -2.349M -2.533M 7.440M
YoY Change 161.0% -134.05% 1249.86%
FREE CASH FLOW
Cash From Operating Activities -$5.088M -$6.848M -$8.080M
Capital Expenditures $787.0K $1.912M -$650.0K
Free Cash Flow -$5.875M -$8.760M -$7.430M
YoY Change -1246.97% 17.9%

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CY2021 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
18927735
CY2021 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-31416
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6226685
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18896319
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2533067
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7445311
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7994001
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
548690
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5460934
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7994001
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10081357
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2840936
CY2022 jetmf Airframe Parts Acquired Through Financing
AirframePartsAcquiredThroughFinancing
1065180
CY2022 jetmf Warrants Issued For Debt Discount
WarrantsIssuedForDebtDiscount
2130642
CY2022 us-gaap Interest Paid Net
InterestPaidNet
622439
CY2021 us-gaap Interest Paid Net
InterestPaidNet
31558
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
302379
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
14569688
CY2021 jetmf Stock Issued During Period Value Warrants And Stock Options Exercised
StockIssuedDuringPeriodValueWarrantsAndStockOptionsExercised
4462484
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1254413
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-19818513
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
4245830
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
4245830
CY2022 jetmf Stock Issued During Period Value Warrants And Stock Options Exercised
StockIssuedDuringPeriodValueWarrantsAndStockOptionsExercised
663742
CY2022 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
2130642
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1342984
CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
182131
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-15820997
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-7255667
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<div style="text-indent:0.0%;display:flex;margin-top:10.0pt;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:3.333%;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:3.333%;">1.</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">NATURE OF OPERATIONS AND GOING CONCERN</span></div></div><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Global Crossing Airlines Inc. (the “Company” or “Global”) was incorporated under the laws of British Columbia and continued as a Federal corporation pursuant to the </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Canada Business Corporations Act </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">effective February 28, 2017. During the year ended December 31, 2020, the Company completed a business acquisition pursuant to which it acquired all of the issued and outstanding shares of Global Crossing Airlines, Inc. (“Global USA”), a Delaware corporation. For financial reporting purposes, the Company is considered a continuation of Global USA, the legal subsidiary, except with regard to authorized and issued common stock which is that of the Company, the legal parent. On December 22, 2020, the Company changed its jurisdiction of incorporation from the province of British Columbia, Canada to the State of Delaware. The U.S. Domestication was required for the Company to complete its charter licensing process and will also reflect the Company’s U.S.-business and operations. The Company’s principal business activity is providing passenger aircraft to customers through aircraft operating service agreements including, crew, maintenance, insurance (“ACMI”) and charter services “Charter” serving the US, Caribbean and Latin American markets. The Company’s shares trade on the NEO Exchange (the “Exchange” or “NEO”) under the symbol “JET” and the OTCQB under the symbol “JETMF.”</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), on a going concern basis which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. As of December 31, 2022 and 2021, the Company had a working capital deficits of $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">16,141,322</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> and $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">5,113,865</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, respectively, and retained deficits of $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">38,083,304</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> and $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">22,262,307</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">, respectively. The Company began flight operations in August 2021. Without ongoing income generation or additional financing, the Company will be unable to fund general and administrative expenses and working capital requirements for the next 12 months. These material uncertainties raise substantial doubt as to the Company’s ability to continue as a going concern. The Company is evaluating financing its future requirements through a combination of debt, equity and/or other facilities. There is no assurance that the Company will be able to obtain such financing or obtain them on favorable terms. The consolidated financial statements do not reflect the adjustments to the carrying values of assets and liabilities and the reported expenses and statement of financial position classifications that would be necessary were the going concern assumption deemed to be inappropriate. These adjustments could be material.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">During the year ended December 31, 2020, the World Health Organization declared a global pandemic related to the virus known as COVID-19. The airline industry has been impacted significantly as many local and regional governments have issued public health orders and travel restrictions in response to COVID-19. An extended disruption may affect the Company’s ability to generate revenue and obtain additional financing. The impact of these factors on the Company is not yet determinable; however, the Company’s financial position, results of operations and cash flows in future periods may be materially affected.</span></p>
CY2022 jetmf Working Capital Deficit
WorkingCapitalDeficit
16141322
CY2021 jetmf Working Capital Deficit
WorkingCapitalDeficit
5113865
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-38083304
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-22262307
CY2022 jetmf Maintenance Reserve Payments
MaintenanceReservePayments
0
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></p>
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
3585260
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
2752285
CY2022Q4 us-gaap Deposits
Deposits
300000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
104406
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
104406
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
115353
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
CY2022Q4 jetmf Allowance For Obsolete Assets Held For Sale
AllowanceForObsoleteAssetsHeldForSale
0
CY2021 jetmf Maintenance Reserve Payments
MaintenanceReservePayments
0
CY2022Q4 jetmf Maintenance Reserve Due
MaintenanceReserveDue
0
CY2021Q4 jetmf Maintenance Reserve Due
MaintenanceReserveDue
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.1812
CY2022 jetmf Amortization Expense Related To Heavy Maintenance
AmortizationExpenseRelatedToHeavyMaintenance
218687
CY2022Q4 jetmf Deferred Maintenance Costs
DeferredMaintenanceCosts
576523
CY2021 jetmf Amortization Expense Related To Heavy Maintenance
AmortizationExpenseRelatedToHeavyMaintenance
0
CY2021Q4 jetmf Deferred Maintenance Costs
DeferredMaintenanceCosts
0
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
29635750
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
335527
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6445915
CY2022 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
Company operated 8 and 6 leased aircraft, respectively, which are accounted for under operating lease agreements with ranging terms of 10 months to 5 years. Leases with an initial term of 12 months or less will be recognized in the Consolidated Statements of Operations on a straight-line basis over the lease term. These leases primarily relate to the Company’s lease agreements for the month-to-month agreement for office space and leases for office equipment. For operating leases with terms greater than 12 months, including renewal options when appropriate, we record the related right-of-use asset and lease liability as the present value of fixed lease payments over the lease term.
CY2022Q4 jetmf Number Of Aircraft Leased
NumberOfAircraftLeased
8
CY2021Q4 jetmf Number Of Aircraft Leased
NumberOfAircraftLeased
6
CY2012Q4 jetmf Number Of Aircraft Lease Extended
NumberOfAircraftLeaseExtended
1
CY2012Q4 jetmf Lessee Operating Lease Extended Lease Term
LesseeOperatingLeaseExtendedLeaseTerm
P60M
CY2012Q4 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2023-06-01
CY2012Q4 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2028-05-31
CY2022Q4 jetmf Number Of Aircraft Lease Converted
NumberOfAircraftLeaseConverted
1
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
130037
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
102561
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
9146119
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
4543803
CY2022 us-gaap Lease Cost
LeaseCost
9378717
CY2021 us-gaap Lease Cost
LeaseCost
4543803
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2106800
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23189835
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0002
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0288
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0000
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7851883
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M7D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M3D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M19D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1053
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.1007
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.1165
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
3482839
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
386945
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
501169
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
597152
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9181250
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
597152
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8057500
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
597152
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7955000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
597152
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6822100
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
457485
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4010000
CY2022Q4 jetmf Finance Lease Liability Payments Due Year Six And Thereafter
FinanceLeaseLiabilityPaymentsDueYearSixAndThereafter
465491
CY2022Q4 jetmf Lessee Operating Lease Liability Payments Due Year Six And Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueYearSixAndThereafter
801173
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3311582
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
36827023
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
869254
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7191273
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2442328
CY2022Q1 jetmf Date Of Premium Finance Agreement
DateOfPremiumFinanceAgreement
2022
CY2022Q1 jetmf Financed Amount Of Premium
FinancedAmountOfPremium
2465110
CY2022Q1 jetmf Total Amount Of Premium
TotalAmountOfPremium
3103325
CY2022Q1 jetmf Rate Of Interest
RateOfInterest
0.0238
CY2022Q1 jetmf Amount Of Down Payment
AmountOfDownPayment
640665
CY2021Q1 jetmf Date Of Premium Finance Agreement
DateOfPremiumFinanceAgreement
2021
CY2021Q1 jetmf Financed Amount Of Premium
FinancedAmountOfPremium
1345836
CY2021Q1 jetmf Total Amount Of Premium
TotalAmountOfPremium
1738386
CY2021Q1 jetmf Rate Of Interest
RateOfInterest
0.0371
CY2021Q1 jetmf Amount Of Down Payment
AmountOfDownPayment
395000
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3318558
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3462982
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-561962
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-580759
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3880520
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4043741
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2098
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4342045
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
347507
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
166191
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
398118
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
25627
CY2022Q4 jetmf Deferred Tax Assets Lease Accounting
DeferredTaxAssetsLeaseAccounting
413142
CY2021Q4 jetmf Deferred Tax Assets Lease Accounting
DeferredTaxAssetsLeaseAccounting
188213
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
46592
CY2022Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
14164
CY2021Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
37793
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
389191
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
104
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
8661250
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
4780730
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8661250
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4780730
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
32000000
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
18000000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8700000
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3900000
CY2020Q3 jetmf Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
2106290
CY2020Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.50
CY2020Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.39
CY2021Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.39
CY2021Q2 jetmf Class Of Warrant Or Right Expiration Date
ClassOfWarrantOrRightExpirationDate
2023-05-04
CY2021Q2 jetmf Warrant Valuation Measurement Input Price Per Share
WarrantValuationMeasurementInputPricePerShare
2.03
CY2021Q2 jetmf Class Of Warrants Or Rights Remaining Life
ClassOfWarrantsOrRightsRemainingLife
P1Y10M6D
CY2022Q4 us-gaap Notes Payable
NotesPayable
6891762
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
1810468
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
5081294
CY2022Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1
CY2022Q1 jetmf Debt Principal Conversion Amount For Each Warrant
DebtPrincipalConversionAmountForEachWarrant
1.24
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.24
CY2022Q1 jetmf Class Of Warrant Exercise Period
ClassOfWarrantExercisePeriod
P24M
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2132732
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4759030
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
6891762
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 jetmf Voting Common Stock Shares Outstanding
VotingCommonStockSharesOutstanding
26044933
CY2022Q4 jetmf Voting Common Stock Shares Outstanding
VotingCommonStockSharesOutstanding
32668320
CY2020Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
7507005
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.49
CY2021 jetmf Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
16140999
CY2021 jetmf Class Of Warrant Or Right Exercise Price Of Warrant Issued
ClassOfWarrantOrRightExercisePriceOfWarrantIssued
1.22
CY2021 jetmf Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
6016654
CY2021 jetmf Class Of Warrant Or Right Exercise Price Of Warrants Exercised
ClassOfWarrantOrRightExercisePriceOfWarrantsExercised
0.49
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
17631350
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.05
CY2022 jetmf Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
4838707
CY2022 jetmf Class Of Warrant Or Right Exercise Price Of Warrant Issued
ClassOfWarrantOrRightExercisePriceOfWarrantIssued
1.24
CY2022 jetmf Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
1110510
CY2022 jetmf Class Of Warrant Or Right Exercise Price Of Warrants Exercised
ClassOfWarrantOrRightExercisePriceOfWarrantsExercised
0.48
CY2022 jetmf Class Of Warrant Or Right Expired During Period
ClassOfWarrantOrRightExpiredDuringPeriod
-1725636
CY2022 jetmf Class Of Warrant Or Right Exercise Price Of Warrants Expired
ClassOfWarrantOrRightExercisePriceOfWarrantsExpired
0.48
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
19633911
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.18
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
19633911
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
17631350
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5460000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1387000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.25
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.21
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
441332
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.25
CY2021 jetmf Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue
0.19
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
25000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.25
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.16
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
920668
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.25
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.49
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
83333
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.25
CY2022 jetmf Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue
0.57
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
16667
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.25
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0.57
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
820668
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.25
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.48
CY2021Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
920668
CY2021Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
516664
CY2022Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
820668
CY2022Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
820668
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1386533
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1254413
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-15820997
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-19818513
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52074647
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46185089
CY2022 jetmf Incremental Common Shares Attributable To Stock Options And Warrants
IncrementalCommonSharesAttributableToStockOptionsAndWarrants
0
CY2021 jetmf Incremental Common Shares Attributable To Stock Options And Warrants
IncrementalCommonSharesAttributableToStockOptionsAndWarrants
0
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52074647
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46185089
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.30
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
CY2022Q4 jetmf Common And Variable Voting Shares Outstanding
CommonAndVariableVotingSharesOutstanding
71168145
CY2020 jetmf Number Of Security Deposits
NumberOfSecurityDeposits
2
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10081357
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2840936
CY2022 jetmf Acquisition Of Airframe Parts Through Sales Agreement
AcquisitionOfAirframePartsThroughSalesAgreement
1546143
CY2022 jetmf Debt Issuance Costs To Equity Related To Warrants Issued Included In Debenture Subscription Agreement
DebtIssuanceCostsToEquityRelatedToWarrantsIssuedIncludedInDebentureSubscriptionAgreement
2132000
CY2021 jetmf Proceeds From Investor
ProceedsFromInvestor
452000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
21302542

Files In Submission

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0000950170-23-007104.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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jetmf-20221231.xsd Edgar Link pending
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jetmf-20221231_cal.xml Edgar Link unprocessable
jetmf-20221231_def.xml Edgar Link unprocessable
jetmf-20221231_lab.xml Edgar Link unprocessable
jetmf-20221231_htm.xml Edgar Link completed
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